Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) Expected to Announce Quarterly Sales of $20.65 Million


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Equities research analysts expect Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE:HASI) to announce sales of $20.65 million for the current quarter, Zacks reports. Three analysts have provided estimates for Hannon Armstrong Sustainable Infrastructure Capital’s earnings, with the lowest sales estimate coming in at $17.20 million and the highest estimate coming in at $25.16 million. Hannon Armstrong Sustainable Infrastructure Capital reported sales of $22.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 9%. The firm is scheduled to announce its next earnings results on Thursday, May 6th.

According to Zacks, analysts expect that Hannon Armstrong Sustainable Infrastructure Capital will report full year sales of $88.21 million for the current fiscal year, with estimates ranging from $76.60 million to $98.73 million. For the next financial year, analysts anticipate that the business will report sales of $98.55 million, with estimates ranging from $94.00 million to $111.49 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Hannon Armstrong Sustainable Infrastructure Capital.

Hannon Armstrong Sustainable Infrastructure Capital (NYSE:HASI) last announced its quarterly earnings results on Wednesday, February 17th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.03. Hannon Armstrong Sustainable Infrastructure Capital had a net margin of 58.73% and a return on equity of 9.07%.

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Hannon Armstrong Sustainable Infrastructure Capital from $74.00 to $66.00 and set an “overweight” rating on the stock in a report on Monday, March 8th. Morgan Stanley reduced their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $62.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 16th. Zacks Investment Research upgraded shares of Hannon Armstrong Sustainable Infrastructure Capital from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, February 24th. Roth Capital lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $55.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, December 10th. Finally, Robert W. Baird lifted their target price on shares of Hannon Armstrong Sustainable Infrastructure Capital from $58.00 to $61.00 and gave the company an “outperform” rating in a report on Monday, February 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hannon Armstrong Sustainable Infrastructure Capital has a consensus rating of “Buy” and a consensus target price of $57.33.

In other Hannon Armstrong Sustainable Infrastructure Capital news, CEO Jeffrey Eckel sold 50,000 shares of the business’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $53.89, for a total value of $2,694,500.00. Following the transaction, the chief executive officer now owns 121,650 shares in the company, valued at approximately $6,555,718.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Simone Lagomarsino bought 1,000 shares of the company’s stock in a transaction dated Tuesday, March 9th. The stock was bought at an average cost of $55.21 per share, with a total value of $55,210.00. The disclosure for this purchase can be found here. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HASI. First Trust Advisors LP increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 81.9% in the 1st quarter. First Trust Advisors LP now owns 173,815 shares of the real estate investment trust’s stock worth $4,457,000 after purchasing an additional 78,256 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Hannon Armstrong Sustainable Infrastructure Capital in the 3rd quarter worth about $207,000. Great West Life Assurance Co. Can increased its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 12,863.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 806,314 shares of the real estate investment trust’s stock worth $1,020,000 after purchasing an additional 800,094 shares during the last quarter. UBS Asset Management Americas Inc. grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 5.0% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 92,145 shares of the real estate investment trust’s stock valued at $3,895,000 after buying an additional 4,408 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its position in shares of Hannon Armstrong Sustainable Infrastructure Capital by 10.2% during the 3rd quarter. Cetera Advisor Networks LLC now owns 6,670 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 615 shares during the last quarter. 77.72% of the stock is owned by institutional investors.

Shares of HASI opened at $53.22 on Thursday. The firm has a market cap of $4.19 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 7.86 and a beta of 1.84. The company’s fifty day moving average is $55.96 and its two-hundred day moving average is $54.90. Hannon Armstrong Sustainable Infrastructure Capital has a fifty-two week low of $20.40 and a fifty-two week high of $72.42. The company has a quick ratio of 34.85, a current ratio of 34.85 and a debt-to-equity ratio of 1.99.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 12th. Shareholders of record on Monday, April 5th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, April 1st. This represents a $1.40 dividend on an annualized basis and a yield of 2.63%. This is a positive change from Hannon Armstrong Sustainable Infrastructure Capital’s previous quarterly dividend of $0.34. Hannon Armstrong Sustainable Infrastructure Capital’s payout ratio is currently 118.64%.

About Hannon Armstrong Sustainable Infrastructure Capital

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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